summary
Introduced
03/23/2020
03/23/2020
In Committee
03/23/2020
03/23/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To require the Administrator of the Small Business Administration to provide economic injury grants for small business concerns affected by the COVID-19 pandemic, and for other purposes. This bill requires the Small Business Administration to provide grants to small businesses that have suffered substantial economic injury as a result of COVID-19 (i.e., coronavirus disease 2019). Such grants may not exceed a specified amount and may be used to address direct effects of COVID-19, including (1) providing paid sick leave to employees, (2) maintaining payroll, and (3) meeting increased supply chain costs.
AI Summary
This bill requires the Small Business Administration (SBA) to provide grants of up to $100,000 to small businesses and independent contractors that have suffered substantial economic injury as a result of the COVID-19 pandemic. The grants can be used for purposes such as providing paid sick leave, maintaining payroll, and meeting increased supply chain costs. The bill authorizes $100 billion in appropriations for the SBA to carry out this grant program, and requires the SBA to establish procedures to prevent waste, fraud, and abuse of the funds. The authority to provide these grants would terminate on September 30, 2021.
Committee Categories
Business and Industry
Sponsors (4)
Last Action
Referred to the House Committee on Small Business. (on 03/23/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/6343/all-info |
| BillText | https://www.congress.gov/116/bills/hr6343/BILLS-116hr6343ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr6343/BILLS-116hr6343ih.pdf.pdf |
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